A gift annuity is a charitable gift that provides a fixed income for life in exchange for a donation to a nonprofit organization. It’s a popular option for individuals seeking a combination of charitable giving and financial security.

How Gift Annuities Work

• Charitable Donation: You make a one-time donation to a qualified charitable organization, such as the Henry County Community Foundation.
• Lifetime Income: In return, the Foundation agrees to pay you a fixed percentage of your donation for the rest of your life.
• Tax Benefits: A portion of your gift annuity contribution may be tax-deductible, providing immediate financial benefits.

Benefits of Gift Annuities

• Guaranteed Income: Gift annuities offer a reliable and predictable income stream, providing financial security in retirement.
• Tax Advantages: A portion of your gift annuity contribution is typically tax-deductible, reducing your taxable income.
• Charitable Impact: Your donation supports important causes in your community, leaving a lasting legacy.

Choosing a Gift Annuity

When selecting a gift annuity, consider the following factors:

• Payment Options: Choose between fixed-dollar payments or a percentage of your original gift.
• Annuity Rates: Compare annuity rates offered by different organizations to find the best option for you.
• Charitable Beneficiary: Select a nonprofit organization that aligns with your values and interests.

Gift Annuities and the Henry County Community Foundation

Charitable gift annuities can provide the opportunity to make a meaningful gift that might not otherwise be possible.

Because the payout rates increase for older annuitants, you might consider setting up several charitable gift annuities over the years. It is a way to take advantage of a higher payout rate, supplement retirement plan income, and continue to support your community.

Easy to set up, charitable gift annuities are a simple and effective tool for charitable giving and retirement planning.

The Henry County Community Foundation can help you create a lasting legacy through a charitable trust gift. With free estate planning resources on the HCCF planned giving webpage, you can explore the many avenues to make a difference beyond your lifetime.